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In December the UE rate dropped to its lowest rate in four years. And it's been steadily dropping for over a year:
And don't give me crap about this "discouraged people leaving the workforce" crap.
After 99 weeks if you haven't figured out you need to either a) retrain, b) move, or c) take any damn job you can get until your dream job comes along (or back from being outsourced or shipped offshore to increase shareholder profits), then there is something wrong with you: Laziness.
Are people dropping from unemployment counted? Why do you think the number of those receiving welfare and on disability has skyrocketed.
We can attempt to fool ourselves, but the truth is there for everyone to see.
There should be a rule against stream of conscience ranting. But on the first sentence, what do you mean U.S. producers are getting squeezed year after year? Corporate profits are at near highs.
It's wages that are getting squeezed and that is due to decades of pro-corporate/anti-worker policies. The minimum wage has not kept up with inflation and we do not discourage outsourcing of labor. Meanwhile, there has been an anti-union mentality in the nation. Government spending has nothing to do with it as government spending has in the past be coincidental with high growth.
The US doesn't produce anything. Corporate gain is achieved through cheap labor and the cheap cost of material to manufacture goods outside the US. Corporate gains are not achieved through products produced/exported in the US. We also do not impose high tariffs on imported goods. Corporate gains sit in the foreign countries where US companies are established and are reinvested in foreign countries - hence no spending in the US, no investment in the US. The only ones who benefit from those "corporate gains" are shareholders.
The US doesn't produce anything. Corporate gain is achieved through cheap labor and the cheap cost of material to manufacture goods outside the US. Corporate gains are not achieved through products produced/exported in the US. We also do not impose high tariffs on imported goods. Corporate gains sit in the foreign countries where US companies are established and are reinvested in foreign countries - hence no spending in the US, no investment in the US. The only ones who benefit from those "corporate gains" are shareholders.
Huh? We don't produce anything? That would come as a shock to all the auto workers in the U.S. -- not to mention other industries.
We still sell 80% of goods and services to other Americans. So, I have no idea what you are talking about (and I suspect you don't either.)
Um... the Labor Force Participation Rate only includes those from age 16 to 64. Retiring baby boomers aren't included in the data.
According to the link that I provided:
Quote:
We were able to track down a Bureau of Labor Statistics category that jibes with the 8 million claim. Called "not in labor force," this statistic counts people age 16 years and older who are neither employed nor unemployed. (Being unemployed, according to BLS, means being available for work and having looked for work sometime during the previous four weeks.)
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